This is the reason behind the huge boom in YesBank!

Publish Date: 03 Aug, 2022 |
 

Today's share price of Yes Bank is skyrocketing. This banking stock rose 13.44 percent to Rs 17.30 on the NSE today. Following this rally, these stocks reached new highs after January 2021. In intraday trading today, the stock rose nearly 15% to Rs 17.88, its all-time high share price. Previously, on January 25, 2021, the stock rose to Rs 17.55.


Reason of Yes Bank stock is increase

Yes Bank's stock has risen more than 20% in the last two trading days. Actually, there is a significant reason for the stock market's rise. This is because the bank has announced plans to raise approximately 1.1 billion rupees (Rs 8,900 crore) in equity capital from two major global private equity investors, Carlyle and Advent International. Yes Bank's board of directors approved proposals for private equity investment at its meeting last week. Yes Bank will sell a 10% stake in the company to Carlyle Group and Advent International for Rs 8,898 crore. Explain that the private sector Yes Bank will issue 184 crore equity shares to Carlyle at a price of 13.78 per share. CA Bossue and Verventa Holdings are the funds to which the Yes Bank stake will be sold.


 

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